The Lemons Edition
Slate News
Slate Podcasts
4.5 • 6K Ratings
🗓️ 11 April 2015
⏱️ 44 minutes
🧾️ Download transcript
Summary
On this week’s episode of Slate Money host Felix Salmon of Fusion, Cathy O’Neil of mathbabe.org, and Slate Moneybox columnist Jordan Weissmann take on lemons of all stripes. Topics include:The horrifically rising costs of higher education. What the drought, and water pricing, means for California fruit and vegetable farmers.And letters from our listeners. This week’s episode was sponsored by DropBox for business, It’s the same easy Dropbox experience your employees already love.And also by Automatic, a connected car adapter that pairs your car to your smartphone that helps you diagnose engine problems, drive more efficiently, remember where you parked, and more. To get $20 off Automatic's price of $99.95 visit automatic.com/money. Love Slate podcasts? Listen longer with Slate Plus! Members get bonus segments, ad-free versions, exclusive podcasts and more. Start your 2-week free trial at slate.com/podcastplus
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Transcript
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| 0:00.0 | Slate Money is sponsored by Dropbox, trusted by people in over 4 million businesses worldwide to keep their files safe, synced, and easy to share with anyone. |
| 0:09.6 | Try Dropbox for business free for 14 days at Dropbox.com slash business. |
| 0:15.2 | And by Automatic, the connected car adapter that pairs your car to your smartphone. |
| 0:19.9 | Diagnose engine problems, drive more efficiently, remember where you parked, and call for help after an accident. |
| 0:25.8 | Save 20% with free shipping and a 45-day return policy when you go to automatic.com slash money. |
| 0:37.0 | Hello and welcome to the Lemons edition of Slate Money, your guide to the business and finance news of the week. |
| 0:45.9 | I'm Felix Salmon of Fusion, and I'm joined, as always, by Kathy O'Neill, the data scientist and blogger at mathbabe.org. Hi, Felix. |
| 0:55.0 | Hi, Kathy, and Slate's Moneybox columnist Jordan Weissman. |
| 0:59.0 | Hey, Felix. How are you? |
| 1:01.0 | Hello, hello, and guess what people? |
| 1:04.0 | We are going to look at your letters this week. |
| 1:07.0 | We are going to read a couple of letters about subprime car loans, which was a topic last week, and we got some very good feedback on. |
| 1:16.0 | So we're going to talk a bit more about that. And we're going to talk about the economics of the drought in California. |
| 1:24.5 | But first comes Jordan Weissman, who's going to tell us, Jordan, why is college |
| 1:30.5 | so expensive? And why are we talking about this? So we're talking about a few reasons. First, |
| 1:34.7 | we're just coming out of college acceptance season. The Ivy Leagues, once again, |
| 1:40.4 | delivered all of their rejection letters, much to the dismay of all of the Upper East Side and Scarsdale and Various and Sundry, other similar neighborhoods. |
| 1:49.4 | And then on top of that, the New York Times this past weekend ran a sort of interesting op-ed by a University of Colorado law professor named Paul Campos. |
| 1:59.9 | And Campos is actually a pretty well-known |
| 2:01.3 | writer and thinker now because he was one of the first law school scam bloggers. He was one of the |
| 2:06.4 | first guys from inside the academy to say we're essentially screwing over students. And he's kind of |
| 2:12.0 | taken his schick, which had, I think, some value, has had some value in the past, to the broader world of higher |
... |
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